International investment position

03. June

Q1/2019

According to the preliminary figures, foreign assets totalled 3,746 b.kr. at the end of the quarter, while foreign liabilities totalled 3,149 b.kr. The net external position was therefore positive by 597 b.kr., or 21% of GDP, and improved by 270 b.kr., or 9.5% of GDP during the quarter.

Net financial transactions improved the international investment position by 98 b.kr. during the quarter, as foreign assets increased by 59 b.kr. as a result of financial transactions, while liabilities declined by 39 b.kr.

Exchange rate movements and price changes had a positive impact on the external position in the amount of 182 b.kr. This is due to a nearly 12% rise in foreign securities prices during the quarter, as well as a 4.5% depreciation of the króna in trade-weighted terms.



Supervisor: Statistics | bop@sedlabanki.is